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How Long Will It Take To See Some Income If I Started Real Estate Now? Particularly Doing Manhattan Rentals? |
I'm about to take a rank and wanted to going into real estate. I was wondering how long will it take for me to get some type of income. Targeting Manhattan (NYC) Rentals for now.
Go geters always do use in no matter what, so if your a go geter the answer lays in your own ability.
Some concerns I would have for you is if you are having to worry about proceeds, ie; paying bills, living expenses, then have on hand at least 6-12 months of reserves. The unaffected estate Business is very competitive and seems like everyone has a brother, sister, or a friend that is an established emissary. Real Estate needs good agents so if this is where your heart is, then go for it. Just be prepared in the economic area. Good luck.
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